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TWOZ

The first 29 days of November were relatively quiet from a product development perspective, with only a handful of new exchange-traded products hitting the market. But that all changed on the final day of the month, when iPath debuted a new breed of leveraged ETNs and newcomer VelocityShares rolled out six products linked to VIX-related indexes. Both November 30 launches highlighted ongoing trends in the ETF industry; exchange-traded notes continue to gain traction as investors become more comfortable with the inherent credit risk, while options for exposure to equity market volatility continue to multiply. [click to continue…]

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Direxion To Close Daily Two-Year Treasury ETFs

by on November 16, 2010

Direxion, one of the largest providers of leveraged ETFs, has been extremely active on the product development front in 2010, rolling out a number of products that offer investors an opportunity to double down (or triple down) on various asset classes. But the company’s product line will shrink a bit in coming weeks, as firm has announced that it will close down the Daily 2-Year Treasury Bull 3x Shares (TWOL) and the Direxion Daily 2-Year Treasury Bear 3x Shares (TWOZ). The closure was recommended by Rafferty Asset Management, the adviser for the Direxion Shares ETF Trust. [click to continue…]

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February ETF Roundup: Launches, Filings, and Closures

by on March 1, 2010

The ETF industry came flying out of the gates in January with more than two dozen new product launches and several more new product filings. Although the pace slowed a bit in February, the ETF universe continues to expand at an impressive rate, keeping 2010 on track to be the most active in the history [...]

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Direxion Launches Leveraged Short Term Treasury ETFs (TWOL, TWOZ)

by on February 25, 2010

Direxion announced the expansion of its fixed income product line on Thursday with the launch of two leveraged ETFs targeting a short-term Treasury index. The Direxion Daily 2-Year Treasury Bull 3x Shares (TWOL) seeks 300% of the daily performance of the NYSE Arca Current 2-Year U.S. Treasury Index, a benchmark that consists of the most [...]

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